Spread the loveIn a promising development for pensioners in the federal civil service, there are indications that monthly pensions might be increased in the coming year. This revelation stems from…
Spread the loveState governments across Nigeria are grappling with a staggering pension debt estimated at approximately ₦1 trillion, according to a comprehensive review. Despite the enactment of the Pension Reform…
Spread the love By: PensionTalk There is always a debate about whether Programmed withdrawal (PW) can pay a retiree for life or not. This question is very crucial, especially to…
In a move aimed at improving access and service quality for pension contributors and retirees, the National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to establish branches in…
Spread the loveThe National Pension Commission (PenCom) has issued a stern warning to employers failing to provide complete documentation for their employees’ pension contributions. In a press release, PenCom revealed…
Check if your organization has a pension compliance certificate (PCC) to show if it is complying with the Pension Reform Act (PRA) 2014. Download the list of organizations issued PCCs.
In response to recent speculation and circulating misinformation, Premium Pensions Ltd has come forward to address the rumors surrounding a potential business combination with an undisclosed entity.
In a disheartening state of affairs, a significant number of outgoing, returning, and sitting governors in Nigeria are burdening their respective states with a mounting pile of unpaid gratuities, pensions,…
Spread the loveThe Pension Reform Act (PRA) of 2014 established a ground-breaking rule for employers in the private and public sectors in an effort to safeguard the financial security of…
If you are finding it hard to do your Data Recapture Exercise online, this is for you.
Spread the loveWhat is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom…
Spread the loveRetirees of the Nigeria Police Force, who are under the Contributory Pension Scheme (CPS), are rejecting the recent announcement of an “Enhancement of Monthly Pension Payment” made by…
Spread the loveThe Pension Reform Act (PRA) 2014 has made the opening of retirement savings accounts (RSAs) by prospective qualified RSA holders simple and seamless. Before implementing the Contributory Pension…
The Data Recapture Exercise (DRE) is an exercise conducted by PFAs or appointed agents which involves recapturing the personal data including biometrics of all existing registered RSA holders who must…
Spread the loveBy: Tukuru Muftau Retirement refers to a situation when an employee comes to the end of his or her working career. It is a time when an individual…
Spread the loveOn a fateful day, I received a message from Tayo, a Retiree who is utterly confused as to whether to choose an Annuity or Programmed Withdrawal (PW). “I…
Spread the loveThe National Pension Commission (PenCom) has reported a remarkable appreciation in Nigeria’s pension fund assets. As of January 31, 2024, the total assets have surged by an impressive…
Spread the loveThe Federal Government is set to commence the review of the pension and severance package of retired police officers, as announced by President Bola Tinubu during the launch…
Spread the loveIn a statement released on its website, The Pension Transitional Arrangement Directorate (PTAD) has reiterated the importance of the I Am Alive exercise to all defined benefit scheme…
Spread the love…may drop names of pensioners who fail to confirm aliveness from the pensioners list by 31st of March, 2024 The Pension Transitional Arrangement Directorate (PTAD) is urging all…
Spread the loveIn a motion presented on the floor of the House of Representatives, Clement Jimbo, a Member Representing Abak/Etim Ekpo/Ika Federal Constituency, called for the amendment of the 2004…
Spread the loveThe National Pension Commission (PenCom) has announced the recovery of a total of N25.45 billion in unremitted pension funds from defaulting employers between 2012 and 2023. This amount…